TSG Consumer Partners LLC has sold its stake in Perricone MD to Lion Capital.
Perricone MD, which was founded in 1997 by Dr. Nicholas Perricone, is recognized for its cutting-edge innovation in the category of science based skincare, and as a brand synonymous with breakthrough science, treatments and results. A product line comprising powerful anti-aging topicals and supplements is highlighted by top-performing franchises Cold Plasma, Acyl-Glutathione and Blue Plasma, all invented by Dr. Perricone.
“During the last three years, product sales and earnings of the company have more than doubled,” said Jamie O’Hara, managing director and president of TSG Consumer Partners. “The company is well positioned for future growth while continuing to be innovative to meet the needs of its incredibly devoted and growing customer base.”
Other Lion Capital investments include hair styling brand ghd (Jemella Group), private label razor maker Personna, Bumble Bee Foods, Jimmy Choo and John Varvatos, among others.